Cenovus announces executive retirements

Cenovus Energy Inc. is announcing that after extensive and successful careers at Cenovus and its predecessor companies, four Cenovus executives have made the decision to retire. Their transitions off the executive team will begin at different times over the course of 2015. To minimize disruption to Cenovus's business and ensure the transitions are orderly and managed, the retiring executives will continue in varying capacities until the end of the first quarter of 2016.

Retiring are:
•John Brannan, Executive Vice-President & Chief Operating Officer, who will transition from his role in September. Brannan has 14 years with Cenovus and its predecessor companies and has been responsible for all upstream projects and operations, centralized supply services and health and safety functions for the past five years.
•Kerry Dyte, Executive Vice-President, General Counsel & Corporate Secretary, who will transition from his role in December. Dyte is responsible for Cenovus's legal, Board, subsidiary, corporate governance, internal audit and Cenovus operations management system assurance matters. He has 14 years with Cenovus and its predecessor companies.
•Sheila McIntosh, Executive Vice-President, Environment & Corporate Affairs, who will transition from her role in September. McIntosh has been with Cenovus and its predecessor companies for 30 years and is responsible for Cenovus's environment strategy and performance, regulatory affairs, communications, corporate reputation, investor, government and stakeholder relations, and Aboriginal affairs.
•Hayward Walls, Executive Vice-President, Strategy & Organization Development, who will transition from his role in July. Walls has 26 years with Cenovus and its predecessor companies and is responsible for Cenovus's strategic planning, human resource functions, information systems and technology and administrative services.

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